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Goldman Sachs plans to price PLUS linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Nov. 13 – Goldman Sachs Group, Inc. plans to price 0% Performance Leveraged Upside Securities due March 3, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 13.25%. If the final index level is less than the initial index level, investors will have one-to-one exposure to the decline.
Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
The notes are expected to price Nov. 30.
The Cusip number is 38148X621.
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